Booking Holdings Inc. (NASDAQ:BKNG) is Quantum Capital Management LLC NJ’s Largest Position

Quantum Capital Management LLC NJ cut its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 2.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 24,353 shares of the business services provider’s stock after selling 722 shares during the period. Booking comprises approximately 10.2% of Quantum Capital Management LLC NJ’s holdings, making the stock its largest position. Quantum Capital Management LLC NJ’s holdings in Booking were worth $86,385,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Norges Bank purchased a new stake in Booking during the 4th quarter valued at $1,742,160,000. Northern Trust Corp increased its stake in shares of Booking by 1.3% in the 3rd quarter. Northern Trust Corp now owns 383,996 shares of the business services provider’s stock worth $1,184,224,000 after purchasing an additional 5,040 shares in the last quarter. Fisher Asset Management LLC increased its stake in shares of Booking by 4.3% in the 4th quarter. Fisher Asset Management LLC now owns 376,734 shares of the business services provider’s stock worth $1,336,362,000 after purchasing an additional 15,381 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Booking by 28.8% in the 4th quarter. Nordea Investment Management AB now owns 131,052 shares of the business services provider’s stock worth $466,166,000 after purchasing an additional 29,316 shares in the last quarter. Finally, Brown Advisory Inc. increased its stake in shares of Booking by 5.5% in the 4th quarter. Brown Advisory Inc. now owns 126,410 shares of the business services provider’s stock worth $448,404,000 after purchasing an additional 6,606 shares in the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Booking Trading Up 1.1 %

Shares of NASDAQ:BKNG traded up $42.67 during trading on Friday, reaching $3,795.35. The company’s stock had a trading volume of 151,814 shares, compared to its average volume of 262,719. Booking Holdings Inc. has a 12 month low of $2,456.93 and a 12 month high of $3,918.00. The firm’s 50 day simple moving average is $3,604.71 and its two-hundred day simple moving average is $3,499.25. The stock has a market capitalization of $128.78 billion, a PE ratio of 28.46, a price-to-earnings-growth ratio of 1.13 and a beta of 1.40.

Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Thursday, May 2nd. The business services provider reported $20.39 EPS for the quarter, beating analysts’ consensus estimates of $14.03 by $6.36. Booking had a net margin of 21.81% and a negative return on equity of 288.35%. The firm had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $4.25 billion. During the same quarter last year, the firm earned $11.60 EPS. The firm’s revenue for the quarter was up 16.9% compared to the same quarter last year. Research analysts anticipate that Booking Holdings Inc. will post 178.54 EPS for the current fiscal year.

Booking Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be issued a $8.75 dividend. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date is Friday, June 7th. Booking’s payout ratio is 26.25%.

Insider Activity at Booking

In related news, insider Paulo Pisano sold 300 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $3,485.00, for a total value of $1,045,500.00. Following the sale, the insider now directly owns 4,233 shares of the company’s stock, valued at approximately $14,752,005. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Paulo Pisano sold 300 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $3,485.00, for a total value of $1,045,500.00. Following the sale, the insider now directly owns 4,233 shares of the company’s stock, valued at approximately $14,752,005. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 22 shares of the stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $3,437.25, for a total transaction of $75,619.50. Following the completion of the sale, the director now directly owns 189 shares in the company, valued at $649,640.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,651 shares of company stock valued at $19,485,975. Insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. upped their price objective on Booking from $3,950.00 to $4,025.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. JMP Securities restated a “market outperform” rating and issued a $3,950.00 price objective on shares of Booking in a research note on Monday, May 6th. Wells Fargo & Company upped their price objective on Booking from $3,435.00 to $3,494.00 and gave the stock an “equal weight” rating in a research note on Friday, May 3rd. Seaport Res Ptn restated a “buy” rating on shares of Booking in a research note on Tuesday, February 20th. Finally, Bank of America upped their target price on shares of Booking from $3,900.00 to $3,950.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Ten investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Booking presently has a consensus rating of “Moderate Buy” and an average price target of $3,876.96.

Booking Profile

Booking Holdings Inc, formerly The Priceline Group Inc, is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.